Sircon has a number of credentialing and compliance solutions for Individuals, Agencies, Carriers, Securities Firms, Education Providers, and State Regulators

Individuals

Agents, Producers, Adjusters, Advisors

Never forget to renew your licenses with complete credential visibility, in one convenient location. Always know when and where you're authorized to sell with quick access to your personal compliance dashboard.

Agencies

Compliance Meets Automation

The most efficient way to manage credentials for the entire agency. Benefit from automatic licensing updates, renewal reminders, and direct access to the most up to date regulatory requirements and producer information. With a Sircon solution, you get instant insight and management of all your most current credential information in one location, 24/7.

Securities Firms

Risk Management for Broker Dealers and Investment Advisory Firms

Speed time-to-market and achieve compliance. Registration and disclosure risk management, in one convenient location. Help your advisers get and stay authorized quickly with electronic processing and readily-available connections to the most up-to-date regulatory requirements.

Education Providers

Faster, More Efficient Processing

Easily submit course completion rosters, applications, and renewals to process faster than ever with direct access to state departments of insurance. Save time and money by efficiently managing education information in one place, in real time.

Regulators

Effortless Processing

With trusted data sources, Sircon solutions are your one stop shop to maintaining a thorough regulatory environment. We ensure that your management and processing of critical information is completed effortlessly and quickly.

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Featured:

Save Time and Get to Market Faster Than Ever with the New ACORD 821 Form

May 26, 2015

Save Time and Get to Market Faster Than Ever with the New ACORD 821 Form

By: Tim Owen

Is onboarding and appointing agents a source of friction between you and your agency or carrier partners?

Perhaps you're already aware of, and possibly using, the ACORD standard form for producer information, which has promoted much-needed uniformity and easier business for a few years now.

If you're already using the ACORD 821 Producer Information form, we have great news for you. And if you're not, the news we have for you is even better.

In the name of standardized (and just plain easier) communication between agencies and carriers, ACORD has updated the 821 Producer Information Form – and it's available for you to use today.

The Updated ACORD 821 is a Big Step

ACORD 821 is intended to help standardize the communication between agencies and their carrier partners for getting producers authorized to sell for that carrier. We recently reviewed our statistics and tThe industry as a whole onboards nearly 500,000 agents a year, and fewer than 25% of those requests are made using ACORD standards for onboarding transactions.

And of the small percentage of carriers that have adopted the ACORD form, many haven't been using the most current version. In fact, only one carrier of the 25% mentioned has adopted the ACORD 821 form.

In an industry often characterized by its reluctance to change, insurers clearly have significant progress to make in adopting standards and automating the onboarding process to improve communications as a whole.

The updated ACORD 821 Producer Information Form is a big step in that direction.

Also worth knowing:

ACORD also supports the DTCC's LNA (License and Appointment) EDI transaction standard. This standard is used primarily between large broker dealers and large life and annuity carriers. We support the transaction standard for both distributors and carriers as well, but this is another case where adoption has been limited to the largest distributors and carriers.

In addition to these standards, we've worked with the SILA SACS (SILA Agency-Carrier Communication) subgroup to identify best practices for carrier to agency communications. These are published in the SILA Best Practices handbook. The recommended producer onboarding best practices have been out for a couple years now, but if our customer implementations are any indication, those best practices are not heavily followed either.

So how do we improve the adoption of standards and improved efficiency through automation?

One way is to learn more about how these standards and best practices can incrementally improve your business processes as well as put you ahead of your competition with automation capabilities available today.